KKR to buy stake in health IT company valued at $11B

Becker's Healthcare December 13, 2023
Madeline Ashley

Global investment firm KKR is in discussions with Veritas Capital to acquire a 50% stake in Cotiviti, a healthcare analytics company, for between $10 billion and $11 billion, Bloomberg reported Dec. 12.

To help seal the deal financially and repay existing borrowings, KKR and Veritas are reportedly in talks for debt of $5 billion to $6 billion with both Wall Street banks and private credit funds, the publication reported. If approved, this could make the direct loan the largest on record.

The two firms are seeking a private loan featuring a “payment-in-kind” structure, allowing for interest with more debt on...

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